Rallis India Limited — Others, 16-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Rallis India has reported the Income Tax Appellate Tribunal's decision to drop a transfer pricing adjustment and disallowed expenses amounting to ₹3.09 crore from a total tax demand of ₹12.17 crore for the 2020-21 assessment year. The remaining demand of ₹9.08 crore related to R&D expenses is pending verification. This development may positively impact the company’s financial health by reducing tax liabilities, although uncertainty remains regarding the outstanding amount. Investors might find a potential risk in the unresolved tax demand but can view the Tribunal's ruling as a step towards stabilizing the company’s tax position.